Mercury Insurance

Actuarial Analyst I

Mercury Insurance$63K — $117K *
US-AnywhereRemote in United States
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's Degree in math, actuarial science, finance, economics, or similar quantitative fields required.
  • Completion of the Summer 2026 Internship at Mercury Insurance is necessary.
  • At least 2 completed Actuarial exams are required.

Responsibilities

  • Collaborate with Product Management to achieve profit and growth objectives for assigned product lines.
  • Provide insights from data analysis to guide decision-making for product lines.
  • Participate in the preparation and interpretation of actuarial reports.
  • Engage in projects related to product development and financial management.
  • Communicate findings and proposals to stakeholders including executives and regulatory bodies.
  • Deliver comprehensive reports to senior management to enhance understanding of product performance.
  • Support actuary team with state filing processes for rate changes.

Benefits

  • Competitive compensation package.
  • Remote work flexibility for most positions across the U.S.
  • Generous paid time off, including vacation, sick leave, holidays, and volunteer hours.
  • Incentive bonus programs, including performance-based rewards.
  • Comprehensive health benefits, including medical, dental, vision, and pet insurance.
  • 401(k) plan with company matching contributions.
  • Opportunities for professional development and education assistance.
  • Recognition program celebrating employee contributions.
  • Access to health and wellbeing resources, including mental health support.
Full Job Description
Overview

Position Summary:Primarily responsible for providing support to Actuaries, Senior Actuaries, and the Product Management team by pulling data, compiling data for filing and reporting

Geo-Salary Information

An in-person interview may be required during the hiring process

State specific pay scales for this role are as follows:

$63,410 to $117,348 (NJ, NY, WA, HI, AK, MD, CT, RI, MA)

$57,646 to $106,680 (NV, OR, AZ, CO, WY, TX, ND, MN, MO, IL, WI, FL, GA, MI, OH, VA, PA, DE, VT, NH, ME)

$51,881 to $96,012 (UT, ID, MT, NM, SD, NE, KS, OK, IA, AR, LA, MS, AL, TN, KY, IN, SC, NC, WV)

In CA: Typical hiring range is $81,341 to $112,974

The expected base salary for this position will vary depending on a number of factors, including relevant experience, skills and location.

Responsibilities

Essential Job Functions:

  • To collaborate with the Product Management team with the goal of meeting profit and growth objectives to assigned PPA lines of business.
  • The actuarial analyst I will provide insight of collected data to help make informed decisions specific to assigned product lines. Collect and compile statistical data for additional analysis.
  • Participate in programming, preparation and interpretation of actuarial reports.
  • Participate in projects involving product development or financial management.
  • Explain proposals and findings to various parties, from company executives to department of Insurance. Develop new ideas that improve the department's performance
  • To provide meaningful reports to Sr. management that will further promote understanding of the assigned PPA line.
  • Support the actuary team with the state filing process presenting evidence to justify rate changes submitted to the Department of Insurance.
  • To provide support for the Pricing Workstation expansion, modify the existing workbook by adding more features for various product lines.
  • Regular attendance at work on a full-time schedule of at least 8 hours and 40 hours per week
  • Other functions may be assigned

Qualifications

Education:

  • Bachelor's Degree required, preferably with a major in either math, actuarial science, finance, economics, or other quantitative fields

Experience:

  • Completion of the Summer 2026 Internship at Mercury Insurance
  • Completion of at minimum 2 Actuarial exams

Perks and Benefits

We offer many great benefits, including:

  • Competitive compensation
  • Flexibility to work from anywhere in the United States for most positions
  • Paid time off (vacation time, sick time, 9 paid Company holidays, volunteer hours)
  • Incentive bonus programs (potential for holiday bonus, referral bonus, and performance-based bonus)
  • Medical, dental, vision, life, and pet insurance
  • 401 (k) retirement savings plan with company match
  • Engaging work environment
  • Promotional opportunities
  • Education assistance
  • Professional and personal development opportunities
  • Company recognition program
  • Health and wellbeing resources, including free mental wellbeing therapy/coaching sessions, child and eldercare resources, and more
Pay RangeUSD $63,410.00 - USD $117,348.00 /Yr.

About Mercury Insurance

Mercury Insurance Group is a multiple-line insurance organization offering personal automobile, homeowners, renters and business insurance. Founded in 1961 and headquartered in Los Angeles, Mercury has assets in excess of $4 billion, employs 4,500 people and has more than 8,000 independent agents in 11 states. Mercury has been named one of America's Most Trustworthy Companies by Forbes magazine, and has been recognized as one of the Best Places to Work in Los Angeles for eight years running. The company has also been named one of America's Best Midsize Employers by Forbes.
Learn more about Mercury Insurance
Size
4,300 employees
Market Cap
$1.8 billion
Industry
Net Income
$374.6 million
Founded
1962
5 Year Trend
+4.3%
Revenue
$3.7 billion
NASDAQ

Similar Jobs

More Jobs at Mercury Insurance

More Finance & Insurance Jobs

Find similar Actuarial Analyst I jobs: